Analysis of the lifting equipment market in Finland in 2022Subskrybuj wątek
Rozpoczęty dnia 9.08.2022Odpowiedz w tym temacie
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In 2021, after two years of decline, the Finnish hoisting equipment market saw growth, increasing its value by X% to X dollars. Overall, however, consumption continued to show a marked contraction. As a result, spending reached the highest level of X dollars. From 2019 to 2021, the market growth rate will remain at a low level.
In value terms, 2021 hoisting equipment production is estimated to have declined slightly to $X at export prices. Overall, production showed a significant growth trend. The growth rate was most pronounced in 2018, when production increased by X%. As a result, production reached a peak level of X dollars. Production growth failed to regain momentum from 2019 to 2021.
The size of Finland’s hoisting equipment exports
In 2021, overseas shipments of lifting equipment fell -X% to X units, falling for the second consecutive year after five years of growth. However, during the period under review, exports recorded strong growth. 2013 saw the fastest growth, with exports increasing by X% over the previous year. During the period under review, exports peaked at X units in 2019; however, from 2020 to 2021, exports were at lower levels.
In value terms, hoisting equipment exports contracted significantly to $X in 2021. Overall, exports fell sharply. The most significant growth rate occurred in 2018, when exports increased by X% over the previous year. Exports peaked at $X in 2019; however, from 2020 to 2021, exports failed to regain momentum.
Iceland (unit X), Argentina (unit X) and the United States (unit X) are the main destinations for Finnish hoisting equipment exports, together accounting for X% of total exports. This is followed by Norway, Germany, Belgium, the United Kingdom and Russia, which further increase shipments from 2012 to 2021 at a more moderate growth rate.
In value terms, the UK ($X), Argentina ($X) and Norway ($X) are Finland’s largest export markets for lifting equipment globally, together accounting for X% of total exports. This was followed by the United States, Iceland, Russia, Germany and Belgium, which had the highest export value growth among the major countries, with a combined X-fold and a CAGR of +X% of the destinations during the review period , while other leaders experienced more modest growth rates in shipments.
Import scale of hoisting equipment in Finland
Overseas purchases of hoisting equipment in 2021 fell -X% to X units, the third consecutive year of decline after two years of growth. Overall, imports contracted sharply. The most significant growth rate occurred in 2017, when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports decreased slightly.
Lifting equipment imports shrink to $X in 2021 in value terms. Overall, imports fell sharply. The most significant growth rate occurred in 2013, which was an X% increase compared to the previous year. As a result, imports peaked at X dollars. Import growth will remain low between 2014 and 2021.
Germany (X units), the Netherlands (X units) and Estonia (X units) are the main suppliers of hoisting equipment imports to Finland, accounting for X% of total imports. This is followed by Sweden, the UK, Italy and Norway, which have increased their purchases by X +X% from 2012 to 2021), while imports by other leading players show a mixed trend.
The largest lifting equipment suppliers in Finland by value are the Netherlands ($X), Germany ($X) and Sweden ($X) with X% of total imports. This is followed by Italy, Estonia, Norway and the United Kingdom, which together account for X major suppliers, with Norway registering the highest growth rate in terms of import value with a CAGR of +X%, surpassing that during the period under review, Purchases by other leaders have experienced a mixed trend pattern.
Statistics of various crane suppliers in Finland
The Netherlands, Germany and Sweden appear to be Finland’s largest suppliers of lifting equipment by value, together accounting for 56% of total imports. It is followed by Italy, Estonia, Norway and the United Kingdom, which together account for 29%.
The largest markets for Finnish hoisting equipment exports by value are the UK, Argentina and Norway, which together account for 57% of total exports. This is followed by the United States, Iceland, Russia, Germany and Belgium, which together account for 36 percent.
The average export price of hoisting equipment in 2021 is US,398/unit, down -11.6% from the previous year.
The average import price of hoisting equipment in 2021 is US,020/unit, an increase of 2.9% over the previous year.
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